The National Fund of the Republic of Austria for Victims of National Socialism was established in 1995 to express Austria's special responsibility towards the victims of National Socialism. It renders payments to victims of National Socialism, in particular to those who had previously received little or no compensation; to those in need of special assistance or those whose personal circumstances warrant relief.

For a long time, victims of National Socialism were not afforded the recognition they deserved. Many live under difficult circumstances and require special assistance and support. The National Fund provides acknowledgement and support to each of them in the form of payments.

The National Fund can also sponsor projects which benefit victims of National Socialism, serve academic research into National Socialism and the fates of its victims, remember National Socialist injustices or preserve the memory of the victims.